The air charter services market size has grown strongly in recent years. It will grow from $31.1 billion in 2024 to $32.71 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to corporate travel demands and executive transportation needs, growth of the business aviation sector, globalization and expansion of international trade, high-profile events and sports charters, rise of private and luxury travel preferences.
The air charter services market size is expected to see strong growth in the next few years. It will grow to $40.62 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to evolution of aircraft technology and range, increasing congestion at major airports, development of air charter regulations and safety standards, emergency response and medical evacuation services, military and government demand for air charter services, growing importance of time efficiency in business travel, expansion of air taxi and urban air mobility services. Major trends in the forecast period include technological advancements in supersonic and electric aircraft, integration of blockchain technology in charter booking platforms, collaboration between air charter companies and travel tech firms, integration of artificial intelligence in flight planning and operations, sustainable aviation fuels in charter fleets.
The rising demand for cargo charters is expected to boost the growth of the air charter services market in the future. Cargo charters refer to carriers that land at an airport fewer than fourteen times in a calendar year and are not on a scheduled service. These charters transport specialized cargo, such as hazardous materials or oversized items, which may not be suitable for traditional air cargo services. They provide fast and efficient transportation of goods, even to remote areas that are challenging to reach by other means. For example, according to the International Air Transport Association (IATA), as of March 2024, cumulative industry cargo ton kilometers (CTKs) reached 63.6 billion, reflecting a 13.2% increase compared to 2023 and a 0.6% rise over 2022. Therefore, the growing demand for cargo charters is driving the expansion of the air charter services market.
The expansion of global trade is poised to further boost the air charter services market. Global trade involves the exchange of goods and services across international borders, encompassing the buying and selling of products between countries. Air charter services play a pivotal role in facilitating global trade by providing a faster, more flexible, and often more efficient alternative to traditional air cargo shipping. By circumventing the often-lengthy schedules and delays associated with commercial airlines, these services ensure timely delivery, minimizing disruptions in the supply chain. As reported by the United Nations Conference on Trade and Development in September 2023, maritime trade is expected to increase by 2.4% in 2023 and more than 2% from 2024 to 2028. The energy sector, specifically oil and gas trades, experienced growth of 6% and 4.6%, respectively, in 2022 as pandemic-related constraints eased. Thus, the rise in global trade serves as a significant driver for the growth of the air charter services market.
The air charter services market is witnessing a significant trend towards product innovation, with major players dedicating efforts to create innovative offerings and solidify their market standing. An illustration of this trend is evident in the actions of Air Charter Services, a UK-based air charter company, which introduced a dedicated time-critical division in October 2022. This initiative consolidates various services for urgent shipment requests under a new air charter services time-critical sub-brand, providing multiple services and a comprehensive door-to-door solution. The ACS Critical Time offers integrated trucking solutions, go-now cargo airplane charters with the onboard courier (OBC), and next-flight-out alternatives.
Leading companies in the air charter services market are actively developing innovative services, including commodities transport charter services, to expand their customer bases, enhance sales, and increase revenue. Commodities transport charter services cater to the specialized transportation of various commodities, such as bulk goods, raw materials, or specific items such as agricultural products, minerals, or energy resources. A case in point is Jayud Global Logistics, a China-based end-to-end supply chain solution provider, which launched an air charter service in July 2023. This new service operates weekly and focuses on transporting commodities between Shenzhen and key Southeast Asian destinations, including Jakarta, Indonesia (CGK), Davao City, Philippines (DVO), and Clark, Philippines (CRK). The initiative underscores the company's commitment to the Southeast Asian market, providing direct and seamless logistics solutions to customers. The service utilizes Boeing’s B737-300F and B737-800F aircraft with a maximum weight restriction of 20 tons per flight, ensuring efficient and reliable cargo transportation.
In January 2022, Wheels Up, a US-based private aviation company, acquired Air Partner for an undisclosed amount. This strategic move enabled Wheels Up to strengthen its international position and expand its footprint in personal aviation services. Air Partner, a UK-based aircraft charter service provider, played a key role in this acquisition.
Major companies operating in the air charter services market include Jet Inc., NetJets Inc., VistaJet Group Holding Ltd., Jet Aviation AG, Wheels Up Partners LLC, Luxaviation Group, Flexjet LLC., Aero Contractors Company, Solairus Aviation, Gama Aviation Ltd., Gama Aviation plc, Travel Management Company LTD., European Air Charter, Jet Linx Aviation Inc., Jet Edge International, Clay Lacy Aviation, Air Charter Services Pvt Ltd, Skybird Aviation Inc., Airshare, Worldwide Jet, Thrive Aviation, Corporate Flight Management, Silverhawk Aviation, ATI Jet, Sky Quest LLC., Verijet, Red Wing Aeroplane Co., Asian Sky Group, Asia Jet Partners Ltd., GlobeAir AG.
North America was the largest region in the air charter services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the air charter services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the air charter services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Air Charter Services involve the arrangement of aircraft for hire, enabling individuals or organizations to rent an entire aircraft for specific travel requirements. This service offers flexible, efficient, and customized air travel solutions tailored to unique schedules and destinations.
The primary categories of air charter services include business charter services and private charter services. Business charter services encompass temporary transportation solutions provided to clients, catering to diverse business travel needs. These services offer a range of charter options, utilizing private jets, helicopters, turbo-props, and wide-body aircraft for both passenger and freight applications. The clientele for business charter services includes business travelers, leisure travelers, government and diplomatic entities, sports teams, and individuals from the entertainment industry.
The air charter services research report is one of a series of new reports that provides air charter services market statistics, including the air charter services industry's global market size, regional shares, competitors with air charter services market share, detailed air charter services market segments, market trends and opportunities, and any further data you may need to thrive in the air charter services industry. This air charter services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The air charter services market includes revenues earned by entities by providing concierge services, air ambulance services, and cargo charter services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The air charter services market size is expected to see strong growth in the next few years. It will grow to $40.62 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to evolution of aircraft technology and range, increasing congestion at major airports, development of air charter regulations and safety standards, emergency response and medical evacuation services, military and government demand for air charter services, growing importance of time efficiency in business travel, expansion of air taxi and urban air mobility services. Major trends in the forecast period include technological advancements in supersonic and electric aircraft, integration of blockchain technology in charter booking platforms, collaboration between air charter companies and travel tech firms, integration of artificial intelligence in flight planning and operations, sustainable aviation fuels in charter fleets.
The rising demand for cargo charters is expected to boost the growth of the air charter services market in the future. Cargo charters refer to carriers that land at an airport fewer than fourteen times in a calendar year and are not on a scheduled service. These charters transport specialized cargo, such as hazardous materials or oversized items, which may not be suitable for traditional air cargo services. They provide fast and efficient transportation of goods, even to remote areas that are challenging to reach by other means. For example, according to the International Air Transport Association (IATA), as of March 2024, cumulative industry cargo ton kilometers (CTKs) reached 63.6 billion, reflecting a 13.2% increase compared to 2023 and a 0.6% rise over 2022. Therefore, the growing demand for cargo charters is driving the expansion of the air charter services market.
The expansion of global trade is poised to further boost the air charter services market. Global trade involves the exchange of goods and services across international borders, encompassing the buying and selling of products between countries. Air charter services play a pivotal role in facilitating global trade by providing a faster, more flexible, and often more efficient alternative to traditional air cargo shipping. By circumventing the often-lengthy schedules and delays associated with commercial airlines, these services ensure timely delivery, minimizing disruptions in the supply chain. As reported by the United Nations Conference on Trade and Development in September 2023, maritime trade is expected to increase by 2.4% in 2023 and more than 2% from 2024 to 2028. The energy sector, specifically oil and gas trades, experienced growth of 6% and 4.6%, respectively, in 2022 as pandemic-related constraints eased. Thus, the rise in global trade serves as a significant driver for the growth of the air charter services market.
The air charter services market is witnessing a significant trend towards product innovation, with major players dedicating efforts to create innovative offerings and solidify their market standing. An illustration of this trend is evident in the actions of Air Charter Services, a UK-based air charter company, which introduced a dedicated time-critical division in October 2022. This initiative consolidates various services for urgent shipment requests under a new air charter services time-critical sub-brand, providing multiple services and a comprehensive door-to-door solution. The ACS Critical Time offers integrated trucking solutions, go-now cargo airplane charters with the onboard courier (OBC), and next-flight-out alternatives.
Leading companies in the air charter services market are actively developing innovative services, including commodities transport charter services, to expand their customer bases, enhance sales, and increase revenue. Commodities transport charter services cater to the specialized transportation of various commodities, such as bulk goods, raw materials, or specific items such as agricultural products, minerals, or energy resources. A case in point is Jayud Global Logistics, a China-based end-to-end supply chain solution provider, which launched an air charter service in July 2023. This new service operates weekly and focuses on transporting commodities between Shenzhen and key Southeast Asian destinations, including Jakarta, Indonesia (CGK), Davao City, Philippines (DVO), and Clark, Philippines (CRK). The initiative underscores the company's commitment to the Southeast Asian market, providing direct and seamless logistics solutions to customers. The service utilizes Boeing’s B737-300F and B737-800F aircraft with a maximum weight restriction of 20 tons per flight, ensuring efficient and reliable cargo transportation.
In January 2022, Wheels Up, a US-based private aviation company, acquired Air Partner for an undisclosed amount. This strategic move enabled Wheels Up to strengthen its international position and expand its footprint in personal aviation services. Air Partner, a UK-based aircraft charter service provider, played a key role in this acquisition.
Major companies operating in the air charter services market include Jet Inc., NetJets Inc., VistaJet Group Holding Ltd., Jet Aviation AG, Wheels Up Partners LLC, Luxaviation Group, Flexjet LLC., Aero Contractors Company, Solairus Aviation, Gama Aviation Ltd., Gama Aviation plc, Travel Management Company LTD., European Air Charter, Jet Linx Aviation Inc., Jet Edge International, Clay Lacy Aviation, Air Charter Services Pvt Ltd, Skybird Aviation Inc., Airshare, Worldwide Jet, Thrive Aviation, Corporate Flight Management, Silverhawk Aviation, ATI Jet, Sky Quest LLC., Verijet, Red Wing Aeroplane Co., Asian Sky Group, Asia Jet Partners Ltd., GlobeAir AG.
North America was the largest region in the air charter services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the air charter services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the air charter services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Air Charter Services involve the arrangement of aircraft for hire, enabling individuals or organizations to rent an entire aircraft for specific travel requirements. This service offers flexible, efficient, and customized air travel solutions tailored to unique schedules and destinations.
The primary categories of air charter services include business charter services and private charter services. Business charter services encompass temporary transportation solutions provided to clients, catering to diverse business travel needs. These services offer a range of charter options, utilizing private jets, helicopters, turbo-props, and wide-body aircraft for both passenger and freight applications. The clientele for business charter services includes business travelers, leisure travelers, government and diplomatic entities, sports teams, and individuals from the entertainment industry.
The air charter services research report is one of a series of new reports that provides air charter services market statistics, including the air charter services industry's global market size, regional shares, competitors with air charter services market share, detailed air charter services market segments, market trends and opportunities, and any further data you may need to thrive in the air charter services industry. This air charter services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The air charter services market includes revenues earned by entities by providing concierge services, air ambulance services, and cargo charter services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Air Charter Services Market Characteristics3. Air Charter Services Market Trends and Strategies4. Air Charter Services Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Air Charter Services Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Air Charter Services Market34. Recent Developments in the Air Charter Services Market
5. Global Air Charter Services Growth Analysis and Strategic Analysis Framework
6. Air Charter Services Market Segmentation
7. Air Charter Services Market Regional and Country Analysis
8. Asia-Pacific Air Charter Services Market
9. China Air Charter Services Market
10. India Air Charter Services Market
11. Japan Air Charter Services Market
12. Australia Air Charter Services Market
13. Indonesia Air Charter Services Market
14. South Korea Air Charter Services Market
15. Western Europe Air Charter Services Market
16. UK Air Charter Services Market
17. Germany Air Charter Services Market
18. France Air Charter Services Market
19. Italy Air Charter Services Market
20. Spain Air Charter Services Market
21. Eastern Europe Air Charter Services Market
22. Russia Air Charter Services Market
23. North America Air Charter Services Market
24. USA Air Charter Services Market
25. Canada Air Charter Services Market
26. South America Air Charter Services Market
27. Brazil Air Charter Services Market
28. Middle East Air Charter Services Market
29. Africa Air Charter Services Market
30. Air Charter Services Market Competitive Landscape and Company Profiles
31. Air Charter Services Market Other Major and Innovative Companies
35. Air Charter Services Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Air Charter Services Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on air charter services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for air charter services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The air charter services market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Business Charter Services; Private Charter Services2) By Aircraft Type: Private Jets; Helicopters; Turbo-Props; Wide-Body Aircraft
3) By Application: Charter Passenger; Charter Freight
4) By End-User: Business Travelers; Leisure Travelers; Government and Diplomatic Entities; Sports Teams and Entertainment Industry
Subsegments:
1) By Business Charter Services: On-Demand Business Charter Flights; Corporate Jet Charter Services; Executive Air Transportation; Group Business Travel Charters2) By Private Charter Services: Individual Private Jet Charters; Family or Group Private Charters; Luxury Private Charter Flights; Special Event Private Charters
Key Companies Mentioned: Jet Inc.; NetJets Inc.; VistaJet Group Holding Ltd.; Jet Aviation AG; Wheels Up Partners LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Jet Inc.
- NetJets Inc.
- VistaJet Group Holding Ltd.
- Jet Aviation AG
- Wheels Up Partners LLC
- Luxaviation Group
- Flexjet LLC.
- Aero Contractors Company
- Solairus Aviation
- Gama Aviation Ltd.
- Gama Aviation plc
- Travel Management Company LTD.
- European Air Charter
- Jet Linx Aviation Inc.
- Jet Edge International
- Clay Lacy Aviation
- Air Charter Services Pvt Ltd
- Skybird Aviation Inc.
- Airshare
- Worldwide Jet
- Thrive Aviation
- Corporate Flight Management
- Silverhawk Aviation
- ATI Jet
- Sky Quest LLC.
- Verijet
- Red Wing Aeroplane Co.
- Asian Sky Group
- Asia Jet Partners Ltd.
- GlobeAir AG.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 32.71 Billion |
Forecasted Market Value ( USD | $ 40.62 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |